We trim our target price by 5.7% to VND28,200 as we cut our aggregate net income forecast for 2019-2023 by 3%. We maintain a BUY rating as the share price remains depressed due to general negative sentiment arising from a 29% YoY drop in average trading turnover in H1 2019. Our aggregate 2019F-23F net income decreases mainly due to our downward revision in our 2019F brokerage income base.